Why is Northern ARC falling/rising?

As of 29-Jul, Northern ARC Capital Ltd's stock price is rising, currently at Rs 247.00, reflecting an increase of Rs 12.05 or 5.13%. The stock has shown a trend reversal, gaining after five consecutive days of decline. It outperformed its sector by 4.67% today, reaching an intraday high of Rs 247. The stock has a year-to-date return of 13.64%, which is significantly better than the Sensex's 4.09%. Additionally, the stock's long-term fundamentals are strong, with a compound annual growth rate (CAGR) of 38.10% in net sales and a return on equity (ROE) of 10.5%, indicating an attractive valuation. High institutional holdings at 27.75% suggest confidence from knowledgeable investors, further supporting the stock's recent upward movement.
In the broader market context, Northern ARC's short-term performance has been relatively strong compared to the benchmark, as it has gained 3.28% over the past month while the Sensex has declined by 3.24%. This contrast highlights the stock's resilience in a challenging market environment. Despite a recent dip over the past week, the rising investor participation, evidenced by a 41.19% increase in delivery volume, indicates renewed interest and confidence in the stock, contributing to its current price rise.